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Nov 30, 2012
11/12
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one person left every 22 minutes. >> what kind of reaction have you had to this plan? >> well, in detroit they're very angry. >> of course they are. we're saying we're going to take your power, we're going to take your city. >> they want to keep control of their money, and that's understandable. but they have to be responsible. because if they go into federal bankruptcy, the vultures will come in and grab all the jewels of detroit. belle isle could be sold. perhaps cobol hall. i worry even the detroit institute of art. right now it is protected but in federal bankruptcy court, who knows. >> one thing that i've read that you have said, you believe your plan could be a better way to protecting some of the city jobs because some people might look at it and go, he's trying to kill the government jobs. that's not your goal. >> well, what would happen to the jobs if they went through federal bankruptcy? the employees would lose everything. the retirees would lose everything. and that's what they're facing. i don't think they realize the problems the city council is directing
one person left every 22 minutes. >> what kind of reaction have you had to this plan? >> well, in detroit they're very angry. >> of course they are. we're saying we're going to take your power, we're going to take your city. >> they want to keep control of their money, and that's understandable. but they have to be responsible. because if they go into federal bankruptcy, the vultures will come in and grab all the jewels of detroit. belle isle could be sold. perhaps cobol...
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Dec 6, 2012
12/12
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is it 22%? 15%? 25%? i don't know what it is, and you start adding back to priorities you want and everybody has them. what's important to our country? is business investment important, is accelerated depreciation important so we can continue investments? those are tradeoffs that come out through a reform process that's not going to be as easy and fun and as bloody as the fiscal cliff charade but has to be done. >> are there any specific tax expenditures directed at corporations whose elimination you would favor as part of bringing down the rate? >> well, no, actually, if we're all in for this, let's clear it out, broaden the base and get after a very low rate. >> i'm asking which one, so you'd favor complete elimination of accelerated depreciation, balancing capital gains. >> i think go right down to the bottom and start there and what's a priority. all of us from different interesting, manufacturing has a set of priorities, farmers have a set of priorities. that's where the debate, discussion, a lot of
is it 22%? 15%? 25%? i don't know what it is, and you start adding back to priorities you want and everybody has them. what's important to our country? is business investment important, is accelerated depreciation important so we can continue investments? those are tradeoffs that come out through a reform process that's not going to be as easy and fun and as bloody as the fiscal cliff charade but has to be done. >> are there any specific tax expenditures directed at corporations whose...
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Dec 5, 2012
12/12
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medicaid and medicare are much bigger problems. we can raise it or also increase the tax on people who make over $106,000. >> listen be, coffee lovers. try not to choke on that peppermint mocha latte. we'll tell you about that new $450 starbucks gift card, entirely made of steel. someone down here said it probably should be made of gold given that price. would you ever consider giving that as a gift or buying something like that? >> i've paid up for premium services, v.i.p. tickets at conferences -- concerts. there's a market for v.i.p. services. remember the platinum card? 10 or 12 years ago, platinum card wasn't good enough for the world. american express introduced the black card. that was the thing to have. you needed a high net worth. that thing is still out there. there is always a market for these kinds of services. >> but in this economy, a $450 gift card. >> i bad a bunch paid a stupid f money to see the rolling stones. my wife laughed at me but i love the rolling stones so i'm willing to pay a bunch. fine. >> my thing wit
medicaid and medicare are much bigger problems. we can raise it or also increase the tax on people who make over $106,000. >> listen be, coffee lovers. try not to choke on that peppermint mocha latte. we'll tell you about that new $450 starbucks gift card, entirely made of steel. someone down here said it probably should be made of gold given that price. would you ever consider giving that as a gift or buying something like that? >> i've paid up for premium services, v.i.p. tickets...
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Dec 7, 2012
12/12
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mcafee's attorney says his client suffers from anxiety and hypertension. the software pay near is being held by guatemalan authorities for entering the country illegally from belize. he fled belize after authority wanted to question him about the death of one of his neighbors. mcafee said the police were behind all of this, he's been set up in all of this, but he's also -- >> tattoo on his arm. >> he's also publicly blogged about using -- >> i want to convene our kids investment committee. your daughter has a smartphone, right? >> oh, yeah. >> what kind? >> iphone. >> my son has a samsung. i asked him if he cared about getting an iphone. he got a droid. he doesn't care. he's cool with the droid. and our data from the all america survey showed that in tablets, iphone -- ipad leads samsung, except in the 18 to 34 demographic. where the aspirations are equal. so i just -- >> part of the interview brian did, they show that add where the parents are -- the young guy holding the line for his parents. they get an iphone and he's already got the -- they try make i
mcafee's attorney says his client suffers from anxiety and hypertension. the software pay near is being held by guatemalan authorities for entering the country illegally from belize. he fled belize after authority wanted to question him about the death of one of his neighbors. mcafee said the police were behind all of this, he's been set up in all of this, but he's also -- >> tattoo on his arm. >> he's also publicly blogged about using -- >> i want to convene our kids...
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Dec 3, 2012
12/12
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in the military defense, the average age of our fighter is 22 years. average age of the average bomber is 35 years. an average tanker is 47 years old. imagine trying to drive your 47-year-old car to work every day and you can get a sense as to how difficult it is to try to continue to defend our national security with aging assets and the need to continue investing in defense. >> to mandy's point, does more money mean a safer america? >> look, there's different ways but fundamentally the issue we have -- one of the major issues we have with sequestration, it is not tied to your premise, it is not tied to any defense strategy. the cuts that are being enacted today are tied to a defense strategy and we worked in concert with the dod to enact these $487 billion of cuts. what's different about sfres tra sequestration, whether it is tied to a strategic need or a defense need or not, it gets cut the same way as cross the board. it is an irrational approach to fiscal restraint or budget reductions. >> how many jobs are hanging in the balance if we go over the
in the military defense, the average age of our fighter is 22 years. average age of the average bomber is 35 years. an average tanker is 47 years old. imagine trying to drive your 47-year-old car to work every day and you can get a sense as to how difficult it is to try to continue to defend our national security with aging assets and the need to continue investing in defense. >> to mandy's point, does more money mean a safer america? >> look, there's different ways but...
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Nov 30, 2012
11/12
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we haven't closed a 1.30% on euro versus dollar since october 22. last chart, dollar/yen. just like the euro for the week. now this is in dollar terms. dollar's only a little bit lower. but the level is significant. we are also very close to a fresh high on the dollar versus yen going back to april. that is dollar improvement, if i said it backwards. >> you said it perfectly. thanks, rick. >>> 31 days left for lawmakers to reach a fiscal cliff deal. cnbc is heading to the home states of key congressional leaders involved in negotiations. today john harwooden in kentucky. senate republican leader mitch mcconnell's home state to find out how the fiscal cliff is impacting constituents there. >> reporter: in the senate, the challenges is bringing together red states and blue states. mitch mcconnell's kentucky is horse country. of the states represented by top congressional leaders, it's the reddest of all. >> among the top leaders of congress involved in fiscal cliff negotiations, the one facing the most home state pressure may be senate republican leader mitch mcconnell. he f
we haven't closed a 1.30% on euro versus dollar since october 22. last chart, dollar/yen. just like the euro for the week. now this is in dollar terms. dollar's only a little bit lower. but the level is significant. we are also very close to a fresh high on the dollar versus yen going back to april. that is dollar improvement, if i said it backwards. >> you said it perfectly. thanks, rick. >>> 31 days left for lawmakers to reach a fiscal cliff deal. cnbc is heading to the home...
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Dec 5, 2012
12/12
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new video today of antivirus software pioneer jon mcafee. he's wanted for questioning in belize. he's now in guatemala looking for refuge. after smuggling his girlfriend across the border, he plans to seek political asylum there. >> political asylum? >> police do not have a good track record of providing safety when they ask to question you. so i felt more secure crossing the border into a country that had laws that were backed by the justice system. >> bizarre story. the whole thing with him. who was that last guy? the guy that had the dungeon built in his house? >> yeah, the guy in california, he was a software guy too. >> crazy. money goes to -- i don't know what happened to this guy. but his neighbors did. he had nothing to do with -- >> he had been blogging about -- >> bath salts or something? not to soak his feet in. >> no, bath salts were like a great experimental drug he'd been experimenting with. >> wait a second -- hopefully you don't turn into a cannibal. you draw the line right before you start eating someone. >> hopefully. >>> still to come, rising above the fiscal c
new video today of antivirus software pioneer jon mcafee. he's wanted for questioning in belize. he's now in guatemala looking for refuge. after smuggling his girlfriend across the border, he plans to seek political asylum there. >> political asylum? >> police do not have a good track record of providing safety when they ask to question you. so i felt more secure crossing the border into a country that had laws that were backed by the justice system. >> bizarre story. the...